PVH predict fourth quarter results will surpass expectations

PVH is predicting that its fourth-quarter and full year 2018 revenue will surpass its original expectations.

It has said that the fourth quarter revenue should reach at least $2.40 billion and the full year 2018 revenue should be around $9.57 billion.

Because of these expectations, the group has said that it will raise its outlook of both fourth quarter and full year 2018 revenue.

It has also announced plans for a $120 million restructuring plans for its Calvin Klein brand, which will see the Calvin Klein 205W39NYC brand re launch under a new name, design approach and creative direction, resulting in the 654 Madison Avenue store closing.